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Business, 20.12.2019 19:31 kamal82

Which of the following is the correct way to describe equilibrium in a market?

a. at equilibrium, the "fairest" price for output is achieved.
b. at equilibrium, demand equals supply.
c. at equilibrium, quantity demanded equals quantity supplied.
d. at equilibrium, market forces no longer apply.

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Which of the following is the correct way to describe equilibrium in a market?

a. at...
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